Post
Topic
Board Bitcoin Discussion
Re: Mempool ATH - 140K unconfirmed transactions
by
Emoclaw
on 06/05/2017, 12:23:18 UTC
I don't find this surprising nor a reason for celebration.

Because it's not really. That line was sarcastic.

Hooray for 220 satoshis per byte fees.
There's nothing wrong with that, and it won't likely change until we see Segwit getting adopted.
Yes, yes there is. The fees are now on PayPal levels. The incentive of using Bitcoin for lower fees (at sane, consumer-level amounts) is gone. Businesses also care about profit, and if Bitcoin is more expensive they won't use it.

And on that note, SegWit is very far from getting miner consensus. No amount of complaining will change that.